Posted: October 30th, 2008Salvaging the Wreckage: What’s Next Globally?

The slump in the United States housing market has become a synchronized global downturn. The world economy is headed for its worst year in more than a quarter century. With governments committing more than $3 trillion to rescuing banks and protecting depositors, the fall-out still continues to spread. Leo Abruzzese, the Economist Intelligence Unit’s Editorial Director in North America, offers an outlook for this economic crisis that has spread all the way from Iceland to Indonesia and may continue on. This event was held by The Economist. It was followed by What’s Next for New York?, with Governor Paterson, also on Thirteen Forum.